Bitcoin Prices on the Rise: Final Bull Cycle Stages
Bitcoin is once again grabbing headlines as it climbs higher, seemingly nearing the end of its current bull cycle. With growing optimism and institutional interest, new strengths are emerging for Bitcoin. Technical forecasts are suggesting that it could reach a new all-time high (ATH) of over $120,000 before experiencing a significant drop to around $60,000, signaling the beginning of a bear market.
Possible Reach of $120,000 in 2025
Crypto analyst Xanrox has shared TradingView’s latest Bitcoin price predictions, pointing to a bullish surge toward a new ATH followed by a considerable decline. Analysts agree that Bitcoin is in the final phases of its bull run and is gearing up for an explosive rise in prices.
Some experts refer to Elliott Wave theory, indicating Bitcoin is currently in wave 3 of a five-wave pattern that typically signifies the last stages of a bull cycle right before a significant pullback.
Xanrox anticipates that Bitcoin will navigate through two more wave stages (waves 4 and 5) before hitting its peak. He suggests that this bull cycle’s ideal price range lies between $120,000 and $125,000, pinpointing a Fibonacci expansion target of 1.618 at $122,069 as a potential peak.
Analysts from TradingView emphasize that this Fibonacci target is the safest exit price for those looking to prepare for the expected bear market. Notably, this target aligns with a long-standing trendline extending from Bitcoin’s highs in 2017 through 2021 and into the anticipated 2025 ATH.
Reinforcing their conviction, analysts note Bitcoin’s historical tendency to relate closely with the 50-week simple moving average (SMA). Previous cycles have shown that Bitcoin frequently bounces off or corrects this moving average during key turning points, adding credibility to the bullish forecast.
Imminent 50% Price Decline Likely to $60,000
Despite the optimistic outlook for 2025, analysts caution about a likely market correction for Bitcoin in 2026. Once it completes its final bullish wave and reaches its peak, predictions indicate a steep correction, dropping the price to around $60,000—a 50% decrease reflecting typical cycle downturns observed in 2018 and 2022.
The analyst chart suggests this upcoming crash is part of Bitcoin’s natural four-year cycle. The anticipated peak price of $122,069 would put investors at considerable risk if they do not exit the market in a timely manner. Therefore, Xanrox advises preparing for the bearish shift by taking profits within the outlined sales range and waiting to re-enter during the potential dip in 2026.
